Key stats
About GLOBAL X ENHANCED CANADIAN OIL AND UNIT CL A
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Inception date
Oct 11, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Global X Investments Canada, Inc.
The fund aims to provide leveraged and covered call exposure to an equally weighted index of broad crude oil and natural gas companies. To obtain exposure to the underlying index, ENCL either directly holds constituent securities of the index or invests in shares of related ETFs. The fund employs approximately 125% leverage through cash borrowing. ENCL also uses a covered call strategy, typically writing exchange-traded or over-the-counter index calls on up to 50% of the portfolio value. Although it provides hedging protection and generates premiums, the use of a covered call strategy may cap the fund's potential gains. Additionally, the fund may hold cash equivalents or money market instruments to meet its obligations.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF125.55%
Cash0.00%
Miscellaneous−25.56%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ENCL last dividends amounted to 0.26 CAD. The month before, the issuer paid 0.27 CAD in dividends, which shows a 3.92% decrease.
ENCL assets under management is 205.19 M CAD. It's risen 8.71% over the last month.
ENCL fund flows account for 131.43 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ENCL pays dividends to its holders with the dividend yield of 18.70%. The last dividend (May 7, 2025) amounted to 0.25 CAD. The dividends are paid monthly.
ENCL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Oct 11, 2023, and its management style is Passive.
ENCL expense ratio is 2.82% meaning you'd have to pay 2.82% of your investment to help manage the fund.
ENCL follows the Solactive Equal Weight Canada Oil & Gas Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ENCL invests in funds.
ENCL price has risen by 5.78% over the last month, and its yearly performance shows a −15.33% decrease. See more dynamics on ENCL price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.11% decrease in three-month performance and has increased by 2.44% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −1.11% decrease in three-month performance and has increased by 2.44% in a year.
ENCL trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.